In a report relased today, Merrill Lynch analysts noted DBSI's CMBS exposure. DBSI is a real estate company specializing in TIC transactions. The firm filed for Chapter 11 bankruptcy protection on Nov. 10.
According to Merrrill analysts, after the initial bankruptcy filing, the real estate firm also filed three motions to reject certain unexpired leases. They believe that the properties listed in these three motions represent a considerably large sample of DBSI-related properties.